We are told in various speeches by Government Ministers that all the measures being taken in the 2018 Budget and otherwise are aimed at making 'everyone pay their fair share of the cost of adjustment".
Some have argued that that is not so. According to the critics, the cuts in subsidies for fuel and other subsidies leading to increased prices and utility costs, increased taxes and freezes and cuts in wages and salaries result in the reduction of the purchasing power of the workers and those on fixed incomes. On the other hand, any increases in taxes, costs do not affect business, particularly, big business at all or anywhere close to the way in which the workers and poor are affected. The businesses can pass on increases to the consumers (workers and the poor) by increasing their prices. The banks and finance institutions, as well as the big conglomerates continue to report increasing profits while wages are frozen or cut, jobs are lost. This is further evidence that the burden is NOT equally or equitably share, it is argued. What do you think? |
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June 2021
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